Home Repossessions Down
Published / Last Updated on 12/08/2010
by Ashley Clark, Director
The Council of Mortgage Lenders (CML) has issued figures that home repossessions in the second quarter of this year were down from 9,800 for Jan/Feb/Mar to 9,400 for Apr/May/June.
Arrears also fell with 5% fewer households being behind with mortgage payments.
We suggest this may just be ‘rosy bubble’ as we expect times to get tougher over the next year, with more people to lose jobs and more to face mortgage difficulties.
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